The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of "the conduct of monetary policy and economic developments and prospects for the future." This report⁠—called the Monetary Policy Report⁠—is submitted semiannually to the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services, along with testimony from the Federal Reserve Board Chair.

2022

February: Testimony | HTML | PDF
June: Testimony | HTML PDF


2021

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2020

February: Testimony | HTML | PDF
June: Testimony | HTML | PDF


2019

February: Testimony | HTML | PDF
July:  Testimony | HTML | PDF


2018

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2017

February: Testimony HTML | PDF
July: Testimony | HTML | PDF


2016

February: Testimony | HTML | PDF
June: Testimony | HTML | PDF


2015

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2014

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2013

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2012

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2011

March: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2010

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2009

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2008

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2007

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2006

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2005

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2004

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2003

February: Testimony | HTML | PDF
April: Testimony
July: Testimony | HTML | PDF


2002

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2001

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


2000

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


1999

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


1998

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


1997

February: Testimony | HTML | PDF
July: Testimony | HTML | PDF


1996

July: Testimony | HTML | PDF


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Last Update: June 17, 2022